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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (94062)	3/13/2003 6:12:30 PM
From: goldsheet	Respond to of 116789

World Gold Editor Cites 'Top 10' Undeveloped Projects His top pick: the Target North & Sun project, north of the Target mine in South Africa, owned by Avgold Ltd. , with resources of 72.3 million ounces. The project is likely to produce 500,000 ounces a year, Burton said. The others, from second to 10th: -Russia's Sukhoi Log deposit, owned by the Russian government. Burton said he settled on a figure of 46 million ounces of resources (as there are a variety of estimates), and said it's likely to produce 1.4 million ounces a year. -Telfer in Western Australia, owned by Newcrest Mining Ltd. . Burton said indications are that it'll produce 800,000 ounces a year. Construction has already started. -Barrick Gold Corp.'s Pascua Lama deposit in Chile, with an estimated resource of 23.9 million ounces and indicated production of 800,000 ounces a year. Its estimated capital cost is expensive at $1.2 billion, Burton noted. -Donlin Creek in Alaska, owned by Placer Dome Inc. and NovaGold Resources Inc. . It's likely to be producing at 1.1 million ounces a year or more, Burton said. -Cerro Casale in Chile, owned by Placer Dome and Bema Gold Corp. , a project that was shelved years ago. It has forecast production of 900,000 ounces a year but high capital costs of $1.5 billion, Burton said. -Boddington expansion project in Western Australia, owned by Newmont Mining Corp. , AngloGold Ltd. and Newcrest Mining. It's run by a committee of the three owners, "which probably explains why they haven't been able to reach a production decision for over a year now," Burton said. It has a resource of 20 million ounces and forecast production of more than 500,000 ounces a year, he said. -Turquoise Hill (or Oyu Tolgoi) in Mongolia, owned by Ivanhoe Mines Ltd. . "It's very low-grade, but has huge copper resources," Burton said, adding that the project's size is growing daily. -Burnstone property in South Africa, which was recently purchased by Great Basin Gold Ltd. of Vancouver. Indicated resources in one area of the property would indicate modest production of 144,000 ounces a year but Burton suggested that figure is likely to increase. And squeezing into 10th place on Burton's list is Placer Dome's Pueblo Viejo project in the Dominican Republic, with an estimated 16.8 million ounces of resources and expected production of 530,000 ounces a year. Burton noted that many of these deposits were found in the 1970s. Target North & Sun and Telfer were the most recent ones, found in 1998. With gold at $350 an ounce, they are virtually all likely to show enough of a return to warrant a green light from their owners, he said. "Perhaps the only one with some doubt is Cerro Casale," Burton said. Together, the 10 deposits' resources total 286 million ounces, "which is quite an inventory," Burton said.

To: Enigma who wrote (94062)	3/18/2003 8:44:48 PM
From: long-gone	Read Replies (3) \| Respond to of 116789

"TRYING TO HELP" By Dennis Miller All the rhetoric on whether or not we should go to war against Iraq has got my little brain spinning like a top. I enjoy reading opinions from both sides, but I've detected a hint of confusion from some of you. Maybe this can help. As I was reading the paper recently, I was reminded of the best advice anyone ever gave me. He told me about the "KISS" method ("Keep It Simple, Stupid!"). So with this as a theme, I'd like to apply this theory for those who don't quite get it. My hope is that we can simplify things and recognize a few important facts. Here are ten things to consider when voicing an opinion on this important issue: (1) Between President Bush and Saddam Hussein ... Hussein is the bad guy. (2) If you have faith in the United Nations to do the right things, keep this in mind: the UN has Libya heading the Committee on Human Rights and Iraq heading the Global Disarmament Committee. Do your own math here. (3) If you use a Google or Yahoo search and type in "French Military Victories," don't be surprised if your computer panics at its inability to respond to your inquiry. (4) If your only antiwar slogan is "No War For Oil," hire a pit bull lawyer and sue your school district for having allowed you to slip through the cracks and robbing you of the minimum education that any non-troglodyte deserves (5) You can take this one to the bank: Saddam and bin Laden will NOT seek UN approval before they try to kill us. (6) Despite common belief among some, Martin Sheen is NOT the President. He only plays one on TV. (7) If you are antiwar and even an outright "America Basher," to bin Laden you are still an "infidel" whom he wants dead. (8) Be careful: if you believe in a "vast right-wing conspiracy," but not in the danger that Hussein poses, the only job you may be able to get is as an Ivy League college professor. (9) Even multiculturalists who try to browbeat us into believing that all cultures are equally deserving of respect have trouble explaining the past 500 years of Islam. (10) Whether you are for or against military action, our young men and women overseas are fighting to defend our right to speak out on these issues. They deserve our unreserved support. I hope this helps